TECHNOLOGY
44 has some really great dividends for us here in North America .”
Demand for cobalt is on the up and the supply of cobalt looks set to grow tighter and tighter , but this is an industry that is cyclical in nature . Rewind the clocks back a few years and cobalt did not demand a seat at the table like it does today , and while it is extremely unlikely that this would happen again , miners and organisations must always prepare for any potential downturns as well as future upswings in the market .
Mell recognises as much , acknowledging that cobalt is reaching decade high market prices . What this does is incentivise more operators , be them major or junior , to find more cobalt .
For First Cobalt , Mell can take comfort in the future outlook for cobalt based on the solid foundations that the company ’ s portfolio is built upon . “ Look at the outlook with regards to EVs . Right now , billions of
SEPTEMBER 2018